From the Archives: March 2013

‘Eliminate Privacy Notification Confusion Act’ Update; Michigan Gains MBL Sponsors 

‘Eliminate Privacy Notification Confusion Act’ Passed by U.S House
The full House of Representatives recently voted in support of H.R. 749, the “Eliminate Privacy Notification Confusion Act.”

Rep. Bill Huizenga, R-Zeeland, a member of the Financial Services Committee, was Michigan’s first and only “original” cosponsor of the legislation. If enacted, the legislation would eliminate the requirement that privacy notices be sent annually, unless there has been a change to the policy. MCUL & Affiliates and CUNA support the legislation, and continue to ask our Senators for their support in the coming weeks as companion legislation in the Senate chamber is expected soon.

U.S. Reps. Gary Peters, D-Bloomfield Twp., Tim Walberg, R-Tipton, and Candice Miller, R-Harrison Twp., also signed on as co-sponsors of the legislation following hill visits by Michigan CU leaders during the recent CUNA GAC. H.R. 749 is identical to the privacy notice legislation that passed the U.S. House last December. Click here to access the MCUL’s federal legislative issue brief on privacy notice elimination.

Michigan Gains Additional MBL Cosponsors During CUNA GAC
In early February, U.S. Reps. Gary Peters, D-Bloomfield Twp., a member of the House Financial Services Committee, and Fred Upton, R-St. Joseph, chairman of the House Energy and Commerce Committee, signed on as “original cosponsors” to H.R. 688, the Credit Union Small Business Jobs Creation Act. This is the first time ever that Michigan has had original cosponsors on MBL legislation.

Following recent hill visits during the CUNA GAC, Reps. John Conyers, D-Detroit; John Dingell, D-Dearborn; Bill Huizenga, R-Zeeland, member House Financial Services Committee; Candice Miller, R-Harrison Twp.; and freshman Kerry Bentivolio, R-Milford, also signed on as cosponsors. While a committee hearing has not been scheduled yet for the U.S. House, cosponsor support will continue to play an important role in showing Chairman Jeb Hensarling, R-Texas, and other members of House leadership the strong, bipartisan support behind the legislation. MBL legislation has not been reintroduced yet in the U.S. Senate.

The MCUL continues to urge additional members of Michigan’s congressional delegation to co-sponsor the legislation. Click here to access the MCUL’s federal legislative issue brief on member business lending.

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